Choice International (531358) Q4 25/26 earnings summary

Executive summary

• FY26 growth spanned broking and distribution, advisory, insurance, lending and wealth, supported by digital platform expansion and mandate execution.

• Q4 developments included INR 55 crore of government mandates, an India Post Payments Bank digital investment platform contract and new index fund launches.

Financial highlights

• Q4 FY26 revenue from operations was ₹30,671 lakh, up 21.23% YoY; total income was ₹31,384.61 lakh, up 23.06%, and PBT was ₹8,669.30 lakh.

• Q4 EBITDA was ₹12,264 lakh, up 24.77% YoY; PAT was ₹6,784 lakh, up 26.76%.

• FY26 total income was ₹1,14,450.15 lakh, up 24.18%; EBITDA was ₹4,254 Mn, up 44%, and PAT was ₹23,788.67 lakh, up 46.21%.

• FY26 PBT was ₹31,639.19 lakh, up 42.98%; total expenses rose 18.24% to ₹82,811 lakh.

Outlook and guidance

• Management targets ~30% YoY growth in revenue and profitability, citing technology-led scale and stable fixed costs as margin levers.

• FY27 AMC AUM target is INR 1,000 crore; plans include active schemes, a Gold FoF Overnight Fund and fund-management team expansion, subject to market factors and regulatory approvals.

• The IPPB platform is expected to go live in Q1 FY27, with revenues and profitability from July 1; expected SIP ticket is INR 2,000–2,500 per customer per month.

• Plans include a presence in every district within three years, and NBFC AUM targets of ₹10 Bn in green finance and ₹25 Bn in MSME finance by 2030.

• Future revenue mix target is 50% broking and distribution, 40% advisory and 10% NBFC; the investing platform roadmap includes unified wealth tracking and personalized recommendations.